I'm 48, so I was there too, during the days of those early consoles & home computers. I never noticed the crash. I was an arcade junkie, solely & completely. What I saw in the way of games on the early consoles & computers convinced me that the arcades were in no danger. There were a couple of cute exceptions--I rather liked my dedicated 'Combat'. But they couldn't compare to the dedicated cab's.
Until a friend let me goof around with his Commordore 64. & even then, I wasn't impressed, although, for the 1st time, I worried a little about the future of the arcades. Computers were getting good!
& then, 1 fateful day, that same friend introduced me to Elite on that same Commodore, & I saw what a computer could do for video gaming...I still dream of that old game. I owned & played all the sequels, & looked for clones since--X3 Reunion came pretty close. Now that I hear David Braben has actually set a release year for Elite 4...
The consoles now are great, except for 1 thing. I will always prefer, by far, a stick & some big round buttons, or a track ball the size of a 5 pin bowling ball, or an honest to goodness flight yoke, or a full size steering wheel, or even (for the right game) a full blown keyboard, over that damn hand held thing u have to control with your thumbs. Did Luke fly the X-Wing down the Death Star's trench with something he carried in his hands, & worked with his thumbs?
But man, I sure miss those arcades. I've said for years (& go ahead, laugh at me all you want, but I mean it) that if I were a multi-millionaire, I'd build a Luna City type arcade, & open it to the public, free of charge (it'd b attached to the hard wood floored rollarena also open for free). Of course, I'd have to hire staff just to maintain those machines, cause I'd b too busy playing 'em...
